Viacom

For One Tech Intern, Viacom’s Experience Room Stands Out

The psychedelic animated VR world of “Chocolate,” an experience created for the song of the same name by San Francisco based musician Giraffage. Created by 3D animator Tyler Hurd and executive produced by Viacom NEXT.

Viacom’s global headquarters at 1515 Broadway shoots 53 floors out of the endless hustle of Times Square. Even amid all this frenetic energy, though, one part of the building really stood out to me as a Media and Technology Services (MTS) Finance intern: the Experience Room.

Situated amid the MTS teams on the 11th floor, the room hosts an ever-updated showcase of the new and emerging technologies that Viacom is exploring, developing, and strategizing to promote MTV, Nickelodeon and other brands. The room doubles as an incubator for Viacom engineers developing products and a fun, engaging place for other employees to experience them.

The room feels futuristic – it is outfitted with integrated smart assistance and voice-activated lighting. One of the gadgets I found particularly fascinating was a voice-activated smart wall mirror, which provides weather information, displays the time, takes notes, and even compliments you.

A section of the room is a mini-museum, outfitted with a chronologically arranged line of devices ranging from a flip phone to Microsoft’s “Hololens” – a headpiece that projects holographic images.

Viacom engineers rotate into the room to work on new technologies, join an existing project, or develop new ideas using the room’s resources. One rotating engineer is at work on a SpongeBob SquarePants robot. The prototype can move around and interact with kids. The engineer would like to equip it with enough information that it can be used as a source of STEM (Science, Technology, Engineering, Mathematics) education for children.

The engineering team is also working on a smart photo booth that can transform its background, factoring in different color combinations and even the type of clothes people are wearing.

The highlight of my time in this space was a Virtual Reality (VR) game where I smashed things to collect points in a ring within a simulated Experience Room. I also immersed myself within the first ever VR music album with Viacom’s The Melody of Dust, which had such an incredible level of optimization and features embedded within it that I felt as if I were physically in a different world altogether.

The Experience Room now has open hours where employees experience what the team is working on: Wednesdays from 2:30 to 4 p.m. and Fridays from 11:30 a.m. to 1 p.m. I hope you’ll visit the 11th floor to enjoy this amazing space and draw inspiration from the way that Viacom is developing its present and shaping its future.

Remember, Remember the 11th of November – Viacom Honors Vets

Clockwise from top right: the author summoning the Viacommunity spirit, employees hard at work for vets, notes to vets in progress, final boxes ready to ship. All photos by Studio Brooke.

It occurs on the 11th day of the 11th month of every year: Veterans Day. Creativity and patriotism were flowing at Viacom during the lead up to the holiday this year, a time dedicated to honoring American military veterans.

This year, Viacom President and CEO Bob Bakish shared his appreciation to those who have risked their lives for our country by sending personal emails along with MyViacommunity gift cards to the more than 85 employee vets. The veterans can then use the gift cards to donate to a charity of their choice.

Viacommunity and Community Service in a Box (formerly known as Operation Goody Bag) also honored our nation’s bravest by inviting employees to decorate goody bags and send handwritten notes of encouragement to our servicemen and women currently on duty across the country and overseas.

Nearly 100 employee volunteers showed up, designing and assembling 500 Veterans Day-inspired goody bags. Viacommunity sent these gifts to the USO of Metropolitan New York.

Viacommunity featured the project on Viacom’s social pages and LinkedIn highlighted employees’ personal stories:

Viacom on LinkedIn:

“Veteran’s day is important to me because my grandfather was a veteran. He served in the Vietnam war. I have other cousins in my family who are also in the military, and these people give their lives to make us safe here at home. A lot of them travel and live in different places around the world. It must be so hard for military wives and husbands who have partners out there risking their lives, so this day really speaks to me.”

Viacom on LinkedIn:

“What I love about Viacom is the people that work here. The empathy we are trying to create within the company is something that I feel should be established in all companies. I’ve always felt that we should be more sensitive to our surroundings. When we impact people positively, they gravitate towards us. I am here today to write notes to our Viacom Veterans because I want to thank them for their service. Even though I am not their family, I want to let them know that we are grateful for everything that they do.”

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Viacom Reports Fourth Quarter and Full-Year 2017 Growth as Strategic Plan Advances

by Stuart Winchester, Viacom

Riding broad ratings increases, significant improvement in domestic ad sales, and continued growth of its international business, Viacom reported fourth-quarter and full-year earnings this morning headlined by year-over-year gains in revenue and other key financial metrics.

The report serves as an affirmation that the strategy outlined by Viacom President and CEO Bob Bakish in his first earnings call in February is working to stabilize and revitalize the business, reversing previous declines in revenue, operating income and operating cash flow.

“In the fourth quarter and full year, we made strong progress against our plan to fundamentally stabilize and revitalize Viacom, with top line gains in both Media Networks and Filmed Entertainment segments driven by continued execution on our strategic priorities,” Bakish said. “We saw significant ratings increases across the portfolio, which drove sequential improvement in domestic advertising; our international business continues to expand, delivering double-digit revenue increases; and Paramount is demonstrating growth across multiple revenue streams as it rebuilds the theatrical slate and continues to grow its TV production business. Additionally, we have completed several multi-year renewals of major distribution contracts – including our recent agreement with Charter – which secure broad, long-term carriage of Viacom’s networks for subscribers and expand our relationships with distributors through new, forward-looking advanced advertising and content production partnerships. We realized these achievements and established a stable base while reducing debt, improving free cash flow and strengthening our balance sheet.

“Viacom is stronger and our momentum continues to build. To accelerate our transition to long-term, sustainable growth, we are ramping up the evolution of Viacom’s media business to better serve next generation platforms and solutions while continuing to diversify our business and strengthen our global portfolio of flagship brands. In the coming year, we will continue to focus on unleashing the full creativity and energy of Viacom to create greater value for our shareholders and audiences.”

Here’s a closer look at what Viacom achieved this quarter, and what lies ahead:

Improved financial performance

The company’s operational and organizational changes have begun yielding financial results. Viacom ended the quarter with increased revenue (+3%, $3.3 billion), adjusted operating income (+7%, $578 million), and adjusted earnings per share (+12%, $0.77). Revenue grew six percent for the full year, to $13.3 billion, while adjusted earnings per share grew two percent to $3.77.

As revenue increased, operating free cash flow also grew 26 percent, to $1.5 billion, while the company reduced gross debt by approximately $2 billion since February, a 15 percent reduction in the company’s debt load and an important step in retaining its investment-grade metrics. The company expects to further reduce its total debt load in 2018.

The most viewers in cable, and growing

Viacom continues its longstanding position as the most-watched cable family in the United States. Behind a varied collection of channels tucked alongside the flagship six of MTV, BET, Comedy Central, Nickelodeon, Nick Jr. and Spike (soon to be Paramount Network), the company has earned a larger share of several coveted audiences than any competitor, including Millennials, African-Americans, and key child and adult demographics:

This position is likely to strengthen, as strong programming helped drive quarterly ratings up three percent across the domestic portfolio and six percent across the flagship brands, with especially sharp rises at several networks:

Viacom International Media Networks’ ratings also grew four percent, riding the strength of Paramount Channel, Comedy Central, Nickelodeon, Telefe and Channel 5.

Strong partnerships lock in subscribers, stabilize ad sales

Viacom has put renewed focus on building stronger partnerships, with positive results in the distribution and ad sales worlds.

After signing an advanced advertising and content distribution agreement with Altice USA earlier this year, Viacom yesterday finalized a renewal of its deal with Charter Communications. Both of these deals transcend traditional carriage arrangements to include data, advertising and co-production components, underscoring Viacom’s focus on finding opportunity in a rapidly changing industry.

Viacom has now locked in agreements with nearly half its subscribers in the past year, with no major renewals looming until well into 2019.

Additionally, the company announced earlier this week that 11 of its networks would headline the new Philo streaming product, a low-cost entertainment package that will also include programming from A+E, AMC, Discovery and Scripps.

Strong partnerships – combined with the aforementioned ratings growth and industry-leading innovation – also helped stabilize ad sales after a decline in the same period last year. International ad revenues were especially strong, jumping 36 percent.

Top talent and intellectual property drives so much more ahead 

Viacom’s fiscal 2018 is already well underway, and the company’s reinvention continues to accelerate behind a portfolio of diverse and iconic brands. On the immediate horizon, Viacom looks forward to further growth into next generation platforms with the launch of Viacom Digital Studios behind former Awesomeness TV Chief Digital Officer Kelly Day, an increase in live events led by SpongeBob on Broadway, the launch of Paramount Network in January, the upcoming content partnership with Tyler Perry – who is already scripting a film for BET – and so much more.

To see what Viacom will debut in the months ahead, scroll through the timeline below, or click here to view the full-screen version.

To listen to the earnings call or read the press release or other materials, visit Viacom Investor Relations.

Viacom Renews Charter Deal, Includes Co-Production and Advanced Advertising Elements

by Stuart Winchester, Viacom

Viacom and Charter Communications have announced a multi-year renewal and expansion of their partnership, the latest in a string of recent distribution agreements that have expanded consumer options for accessing the media company’s content.

The Charter deal includes co-production of original content via its Paramount Television property and a collaboration around advanced advertising, underscoring Viacom’s commitment to continue evolving its partnerships in the rapidly changing media space.

As part of the agreement, core Viacom networks –  including Nickelodeon, BET, MTV, Comedy Central, Spike (soon to be Paramount Network), VH1, TV Land and CMT – will be available to all Charter subscribers.

The announcement comes just one day after Viacom and four other major entertainment groups partnered with internet television company Philo to launch an affordable, sports-free entertainment pack, a first-of-its kind offering that fills a gap in the U.S. television landscape.

Earlier this year, Viacom inked a deal with Altice USA – which owns Optimum, Lightpath and Suddenlink systems – that also included advanced advertising components.

5 Questions With Viacom18’s Sudhanshu Vats

Viacom18 is the home of Viacom’s brands in India and is one of the country’s fastest-growing entertainment networks, reaching more than 600 million viewers in 80 countries across its channels.

Hear from Group CEO Sudhanshu Vats as he talks about the business, its programming and how they’re celebrating Viacom18’s 10th anniversary this month.

Video by Viacom Catalyst.

Philo Launches Low-Cost Streaming Entertainment Pack Featuring Viacom, Others

by Stuart Winchester, Viacom

Responding to strong consumer demand for a low-cost entertainment package unburdened by expensive sports channels, television technology company Philo has teamed up with Viacom and several other large media companies to launch a first-of-its-kind streaming service.

The $16-per-month package will include 11 top Viacom networks in a collection of 35-plus channels from A+E, AMC, Discovery and Scripps. All U.S. consumers will be able to stream Philo on their TVs (Roku), computers (most browsers), and mobile devices (iOS app and Android via Chrome). Additional offerings, including four Viacom networks, will be available in a $4-per-month add-on package.

“The video market is evolving quickly, and advances in technology continue to bring additional choice to consumers,” said Viacom Executive Vice President, Head of Distribution & Business Development Tom​ ​Gorke​. “Philo’s platform is a great step forward for the ecosystem, providing a full entertainment pack with a leading-edge interface and innovative social features, all at an appealing retail price. We’re excited to work with Philo to create even more choice for our networks’ loyal fans.”

Philo will deliver the sort of sleek, intuitive experience that modern viewers demand: easy to navigate and available across devices, the service will include an unlimited 30-day DVR, a deep well of on-demand programming, intelligent search, custom homepages, and live pause and save, among other features.

The launch of the low-cost Philo product fulfills a long-stated goal of Viacom CEO Bob Bakish, whose experience running the company’s international divisions imprinted upon him the viability of entertainment-only packs, which are popular in Europe.

“What the country and the world arguably needs is a compelling lower-priced option that we believe can be served through what we’re calling an entertainment pack,” Bakish told an audience of investors at the Deutsche bank Media, Internet and Telecom Conference in March.

Consumers can start a free seven-day Philo trial with just a phone number. Here’s what they will find on each tier:

Basic tier, 37 channels (Viacom nets in bold) – $16 per month: A&E, AMC, Animal Planet, AXS TV, BBC America, BBC World News, BET, Cheddar, CMT, Comedy Central, Discovery Channel, DIY, Food Network, FYI, GSN, HGTV, History, IFC, Investigation Discovery (ID), Lifetime, Lifetime Movies, MTV, MTV2, Nickelodeon, Nick Jr., OWN, Science, Spike, Sundance Channel, TeenNick, TLC, Travel Channel, TV Land, Velocity, VH1, Viceland, We TV

An additional 9 channels – $4 per month: American Heroes Channel, BET Her, Cooking Channel, Destination America, Discovery Family, Discovery Life, Logo, MTV Live, Nicktoons

The launch of Philo comes as Viacom has renewed distribution agreements covering almost half of its subscribers in the past year, including a recently wrapped deal with Altice Communications and a renewal with Charter Communications. Terms of the Charter deal have yet to be announced.

Viacom, Home to MTV, BET, and MBAs

An NYU graduate student gazed at the dazzling digital wallpaper in The White Box event space at Viacom’s Times Square Headquarters, sipping a mimosa and munching a croissant. Other students milled about, intrigued by animation-splashed LED panels splashed with famous Viacom characters, such as Broad City’s Abbi and Ilana.

Networking before the panel discussion. Photo by Essence Dashtaray.

Viacom’s MBA Media Trek invited 150 grad students from some of the most prestigious business schools in the U.S. – such as Columbia, NYU and Harvard – to sit in on a panel featuring company executives and mingle with them afterward.

Viacom was one of several stops for these students on their tour of media hubs. Our talent acquisition department organized the event, curating an accomplished panel of speakers that included MTV President Chris McCarthy, Viacom Vantage Senior Vice President Gabe Bevilacqua, Paramount Digital Content Senior Vice President Anu Bhatia, and Viacom International COO Jose Tolosa.

The goal: to define Viacom’s eclectic, innovative culture, so the students could understand the workings of a fast-paced modern media company and determine whether it was a potential match for their ambitions.

What is Viacom?

Daisy Auger-Dominguez welcomed MBA grads to Viacom Headquarters. Photo by Photo by Essence Dashtaray.

Daisy Auger-Dominguez, our senior vice president of talent acquisition, welcomed students by sharing what makes her most proud to work at this company: “Viacom creates entertainment that drives culture and conversation.” She emphasized the massive breadth of this entertainment, with 4 billion subscribers in more than 180 countries.

“We are truly a global company,” said Auger-Dominguez. “This work extends to all areas of our business – from content production to advertising, distribution to data strategy and beyond.”

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Jaw Dropped: Viacom Makes Glassdoor’s List of Spectacular Offices

by Stuart Winchester, Viacom

Leaving the chaos of Times Square and pushing through the revolving doors into the award-winning lobby of Viacom’s headquarters at 1515 Broadway, it’s obvious you’re entering a place where entertainment is made. Batteries of televisions line the walls. A pair of supersized monitors pounds through highlights and previews of major television and movie properties. At the end of the elevator banks, supersized, vertically oriented glass shutter doors blink through updates of what’s happening all around the company. Through those doors is a cavernous event space. To the right is a humming, bright cafe.

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It’s design-first environments such as this lobby that helped Viacom make Glassdoor’s list of 16 companies with “jaw-dropping offices.” It’s a workspace, Glassdoor says, that is, “truly fit for the stars.” And these spaces reflect a company ethos that prizes environments tailored to accommodate the sort of high-octane creative work that is our lifeblood.

“The editors at Glassdoor are experts on workplace culture so it’s an honor to be included on this list,” says Vice President of Planning & Design Yetta Banks. “Beyond creating a pretty place to work, the goal for this project has always been to create spaces that encourage creativity, collaboration and play. Viacom is all about driving culture and conversation and it’s important that this mission is reflected in the way that we work.”

The gradual upgrades to Viacom’s offices have been ongoing for some time, and reach well beyond our New York City headquarters. In recent years, the company opened an 88,000-square-foot Viacom International production studio in Miami:

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… massively expanded its Nick animation studio in Burbank:

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attends the Ribbon Cutting Ceremony to celebrate the Grand Opening of Nickelodeon's State-of-the-Art… Read More

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Nickelodeon Animation Studio, Burbank, CA. Photo: Bruce Damonte/NICKELODEON© 2016 Viacom Internation… Read More

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Nickelodeon Animation Studio, Burbank, CA. Photo: Bruce Damonte/NICKELODEON© 2016 Viacom Internation… Read More

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Nickelodeon Animation Studio, Burbank, CA. Photo: Bruce Damonte/NICKELODEON© 2016 Viacom Internation… Read More

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Nickelodeon Animation Studio, Burbank, CA. Photo: Bruce Damonte/NICKELODEON© 2016 Viacom Internation… Read More

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Nickelodeon Animation Studio, Burbank, CA. Photo: Bruce Damonte/NICKELODEON© 2016 Viacom Internation… Read More

… and opened a new eight-brand West Coast headquarters in the bustle of Hollywood:

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Viacommunity Takes Talent for Good West

Last month, Viacommunity journeyed to Viacom’s Hollywood office, the Paramount Lot and the Nickelodeon Animation Studio in Burbank as part of an official West Coast launch of Talent for Good, Viacom’s skills-based volunteer program in conjunction with Catchafire.

The program kicked off with an exclusive Rapid Fire event in Hollywood. We matched five teams of Viacom and Paramount volunteers with one of five local nonprofit organizations to take part in a two-hour brainstorm, exploring solutions to each nonprofit’s challenges. All five teams then shared their solutions, forging connections with their colleagues and local nonprofits. Each organization left with clear next steps and tools to overcome their challenges and move closer to achieving their missions.

Viacom volunteers and their community partners met to explore solutions to the organization’s concerns at Viacom’s new Hollywood facility in October 2017.

The participating organizations and their respective challenges were as follows:

Lambda Legal is the oldest and largest legal organization advocating through impact litigation and public policy work for the LGBTQ community and people living with HIV. The organization’s premier L.A.-based annual event, the West Coast Liberty Awards, attracts more than 400 supporters to honor advocates, activists and companies whose work complements Lambda Legal’s mission. Lambda Legal seeks to elevate their visibility as a Hollywood “influencer” so they can appeal to a new, younger audience.

My Friend’s Place assists and inspires homeless youth to build self-sufficient lives in Los Angeles. In 2018, the organization will celebrate its 30th anniversary with a spring gala and special campaign, complemented by storytelling that communicates and celebrates their heritage. The group needs creative thinkers to brainstorm inventive ways of sharing that history through unique storytelling that will drive engagement with their anniversary celebration.

Brainstorming sessions between Viacom volunteers and community partners at the Viacom Hollywood office.

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Viacom Digital Studios Launches Under Kelly Day, Comedy Central Adds Digital Head

by Stuart Winchester, Viacom

Big news today for Viacom:

Under the banner of Viacom Digital Studios, Day will lead creative and editorial production for digital content across Viacom’s portfolio of global brands.

“The Viacom Digital Studios unit will further propel our efforts to become a meaningful player in digital-native content, while also elevating the social profile of our brands,” Viacom CEO Bob Bakish wrote in a note to employees shortly after the announcement. He also noted that the company would hire staff and strategically reorient certain segments of the company to support Day’s efforts.

Day’s hire comes just after Comedy Central named industry veteran Jennifer Danielson as senior vice president of its digital operations, where she will oversee digital comedy creation for the network.

The moves come as Comedy Central and many of Viacom’s other core properties, including BET and MTV, are experiencing ratings gains behind a reinvigorated programming slate.